Hillary Clinton won’t back away from Wall Street

She won’t back down: Hillary Clinton this week speaks to an Ameriprise Financial conference in Boston, the Hill reports, in her latest address to a financial firm and the latest to raise eyebrows among liberals. “The problem is these speeches give the impression that she’s still in the Wall Street wing of the party,” the Hill quotes Charles Chamberlain, executive director of the group Democracy for America, as saying. The former secretary of state has also been booked for or given paid speeches at events sponsored by Goldman Sachs, Fidelity, KKR and Co., and the Carlyle Group. Clinton supporters say there’s no need for her to change her schedule and that her career is highlighted with support for liberal ideas. “For Hillary, that’s the test — not whether she gave a speech for Ameriprise,” says Democratic strategist Robert Shrum.

Take a break…or not: Congress is still debating funding for dealing with the influx of Central Americans at the U.S.-Mexico border, but may leave town at the end of the week anyway. House Majority Whip-elect Steve Scalise wouldn’t say whether Congress would delay its August recess if lawmakers fail this week to pass a bill addressing the crisis. As Politico puts it, Democrats and Republicans in both chambers fundamentally disagree on how to move forward. “We’re here in Congress right now,” Scalise said on Fox News on Sunday. “The president doesn’t want to work with us while we’re here in town; he wants to wait until people are gone.”

Also left undone: The Wall Street Journal reports legislation for the border crisis isn’t the only thing Congress will leave unfinished before taking a break. Spending bills, for example: The GOP-led House has approved seven such bills, but the Democrat-controlled Senate has yet to take final votes. The Export-Import Bank’s re-authorization is expiring, as is the federal backstop for terrorism insurance. Meanwhile, a short-term spending measure to keep the government funded through early December is on the horizon. House Speaker John Boehner said last week he expected the House would consider such a bill in September.

Rising Republican chances for Senate: The New York Times sees better chances for Republican control of the Senate after November’s midterm elections. The GOP now has a 60% chance of taking control, up from 54% on April 1, the Times says. The Times added in estimates from a YouGov online panel, and found movement toward Republican candidates in Michigan, Georgia and North Carolina. The most likely outcome is a Republican gain of six seats.

More on inversions: Treasury Secretary Jacob Lew has an op-ed in the Washington Post against tax inversions. While the Obama administration’s criticism of companies reincorporating abroad for tax-saving purposes isn’t new, the piece is more evidence that the administration is keeping pressure on the issue ahead of midterm elections. Lew calls for anti-inversion legislation to be retroactive and says it isn’t a substitute for business-tax reform. “But it is a necessary step down the path toward a fair and more efficient tax system, and a step that needs to be in place for tax reform to work,” Lew writes.

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